Nigeria

Overview:

The oil-rich Nigerian economy continues to be hobbled by political
instability and poor macroeconomic management. Nigeria's unpopular military
rulers show no sign of wanting to restore democratic civilian rule in the
near future and appear divided on how to redress fundamental economic
imbalances that cause troublesome inflation and the steady depreciation of
the naira. The government's domestic and international arrears continue to
limit economic growth - even in the oil sector - and prevent an agreement
with the IMF and bilateral creditors on debt relief. The inefficient
(largely subsistence) agricultural sector has failed to keep up with rapid
population growth, and Nigeria, once a large net exporter of food, now must
import food.

passenger and cargo air hub for West Africa; facilitates movement of heroin
en route from Southeast and Southwest Asia to Western Europe and North
America; increasingly a transit route for cocaine from South America
intended for West European, East Asian, and North American markets